European shares regain ground, helped by Credit Agricole update

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, February 16, 2016.

REUTERS/STAFF/REMOTE

European shares rose on Wednesday, boosted by well received results from Credit Agricole (CAGR.PA) and Schneider Electric (SCHN.PA).

The pan-European FTSEurofirst 300 .FTEU3 was up 0.4 percent at 1,267.11 points, having slipped 0.4 percent in the previous session.

Credit Agricole was up around 5 percent after it beat expectations with its results and promised stable investor returns and a solid capital base in the future as the French bank outlined plans to simplify its much-criticised ownership structure.